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However, the latest statistics showed rents are on the increase again, particularly in Dublin.

The figures are based on 22,103 new tenancies which started during April, May and June and were registered with the RTB.

Therefore they reflect the actual rents being paid compared to the asking or the advertised fees.

Rosalind Carroll from the RTB said: “The trend in new tenancy registrations also reflects the supply shortage.

“Annual tenancy registrations peaked in 2013 with nearly 112,000 tenancies registered but that has dipped consecutively in 2014 and 2015 while our overall numbers of registered tenancies have increased.